# PPP loan: GMG OPERATING, LLC
> **$575K** approved 05/01/2020 · Paid in Full · Loan `1678367703`
## Borrower
- **Name:** GMG OPERATING, LLC
- **Address:** 117 Wrangler Dr Ste 100, Coppell, TX, 75019
- **NAICS:** 999990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $575K
- **Initial approval:** $575K
- **Forgiven:** $581K (101%)
- **Forgiveness date:** 06/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $492K
- **Rent:** $61K
- **Utilities:** $16K
- **Health care:** $6K
- **Jobs reported:** 175
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*